Plumas Bancorp (PLBC) To Go Ex-Dividend on November 3rd

Plumas Bancorp (NASDAQ:PLBC) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.33 per share by the financial services provider on Tuesday, November 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, November 3rd.

Plumas Bancorp has raised its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Plumas Bancorp has a payout ratio of 23.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Plumas Bancorp to earn $5.90 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 22.4%.

Plumas Bancorp Stock Performance

Shares of PLBC stock traded down $0.29 during trading hours on Friday, reaching $63.20. 55,821 shares of the company’s stock were exchanged, compared to its average volume of 50,035. Plumas Bancorp has a fifty-two week low of $39.80 and a fifty-two week high of $64.30. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $439.87 million, a P/E ratio of 12.44 and a beta of 0.59. The business has a fifty day moving average price of $62.01 and a 200-day moving average price of $57.96.

Plumas Bancorp (NASDAQ:PLBC) last announced its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.15. Plumas Bancorp had a return on equity of 15.82% and a net margin of 31.72%. The company had revenue of $29.33 million for the quarter, compared to analyst estimates of $29.03 million. Analysts predict that Plumas Bancorp will post 5.77 EPS for the current fiscal year.

About Plumas Bancorp

Plumas Bancorp is the bank holding company for Plumas Bank, a community bank headquartered in Reno, Nevada. Plumas Bank was founded in 1980 in Quincy, California, and serves individuals, families, businesses and organizations through banking offices and digital banking services.

The bank provides a range of financial products, including checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate financing, business loans, agricultural lending and lines of credit.